Ripple's payment protocol network has expanded its services to over 70 markets
This development is part of Ripple's push to optimize the efficiency of cross-border payments using blockchain technology.
Ripple's strategic expansion
Ripple's move comes at a time when over 80% of these leaders are looking to integrate digital assets into their operations within three years.
Ripple Payments aims to facilitate this transition by offering blockchain-enabled solutions to streamline cross-border payments.
As mentioned above, customers can now access global payout coverage in more than 70 markets through a single onboarding process.
Ripple and Onafriq forge new remittance corridors
The partnership leverages Ripple Payments technology to address common issues in cross-border payments such as transfer delays and high costs, which could potentially improve the remittance process in Africa.
This collaboration is set to facilitate more efficient and less expensive remittances and business payments to 27 countries across Onafriq’s network.